Market Analysis: 28 August 2018

Disclaimer: The views and claims expressed here are not meant as an alternative form of investment advice. Every investment move involves risk, and you should consult professional financial advisors for guidance or conduct your own research before making a decision.

According to TokenInsight analysis, Bitcoin popularity has decreased for 5 consecutive days now to 0.0218% along the weekly average, compared to 0.0212% yesterday and 0.0243 last week. Investors are recommended to keep cautious. The number of Bitcoin’s exchanged has increased by 9.8% to 206,000 and the number of active addresses has hit a new high of 584,900. BCtrend analyst Jeffrey believes that BTC will be likely climb in the short term.

According to independent analyst Tommy Tang, Bitcoin price has risen as expected. However, considering more technical indicators, a further breakthrough is not likely to be achieved in the short term.